Capstone to Deliver 1.6 MW Signature Series ICHP Solution to New York Area Hospital
CHATSWORTH, Calif., May 30, 2017 (GLOBE NEWSWIRE) -- Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST), the world's leading clean technology manufacturer of microturbine energy systems, announced today that it has received an order for a C1000S and C600S Signature Series microturbine with Capstone integrated heat recovery modules and controls to improve the energy efficiency at a hospital in the New York metropolitan area.
Capstone’s distributor RSP Systems secured the order, which is expected to be commissioned in late 2017. Capstone microturbines were selected for their low environmental footprint and significant operational cost savings.
“We continue to successfully diversify our market verticals by concentrating on CHP as energy efficiency is a growth market for us globally and New York in specific is one of our fastest growing territories,” said Darren Jamison, Capstone’s President and Chief Executive Officer. “Our recently launched Signature Series product with its fully integrated heat recovery solution is targeted directly at customers like hospitals as well as hotels, office buildings, retail and industrial applications and I’m proud to say the Signature Series product, and new integrated heat recovery solution is performing well and exceeding expectations,” added Mr. Jamison.
Both natural gas-fueled microturbines will be installed in an integrated combined heat and power (ICHP) application and operate in dual mode, which allows the customer to operate independently or with the grid in a load sharing capacity. The clean exhaust heat from the integrated heat recovery modules will help offset the facility’s thermal load and boost overall site efficiency.
“This is another example of a U.S. hospital adopting sustainable business practices to become more efficient and have less of an impact on the environment,” said Jim Crouse, Capstone’s Executive Vice President of Sales and Marketing. “Capstone enables healthcare facilities to become more self-sufficient while saving them money on energy costs,” added Mr. Crouse.
About Capstone Turbine Corporation
Capstone Turbine Corporation (www.capstoneturbine.com) (NASDAQ:CPST) is the world's leading producer of low-emission microturbine systems and was the first to market commercially viable microturbine energy products. Capstone has shipped approximately 9,000 Capstone Microturbine systems to customers worldwide. These award-winning systems have logged millions of documented runtime operating hours. Capstone is a member of the U.S. Environmental Protection Agency's Combined Heat and Power Partnership, which is committed to improving the efficiency of the nation's energy infrastructure and reducing emissions of pollutants and greenhouse gases. A UL-Certified ISO 9001:2015 and ISO 14001:2015 certified company, Capstone is headquartered in the Los Angeles area with sales and/or service centers in the United States, Latin America, Europe, Middle East and Asia.
This press release contains "forward-looking statements," as that term is used in the federal securities laws, about the advantages of our Signature Series product and accessory offerings; advantages of our integrated heat recovery solution; advantages of ICHP applications; diversification into market verticals; and growth into the energy efficiency market. Forward-looking statements may be identified by words such as "expects," "objective," "intend," "targeted," "plan" and similar phrases. These forward-looking statements are subject to numerous assumptions, risks, and uncertainties described in Capstone's filings with the Securities and Exchange Commission that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. Capstone cautions readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Capstone undertakes no obligation, and specifically disclaims any obligation, to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
"Capstone" and "Capstone Microturbine" are registered trademarks of Capstone Turbine Corporation. All other trademarks mentioned are the property of their respective owners.
CONTACT: Capstone Turbine Corporation Investor and investment media inquiries: 818-407-3628 ir@capstoneturbine.com
Released May 30, 2017
